Weekly Global News Wrap: Fatburger's parent buying Johnny Rockets for US$25m; McDonald's ex-CEO fires back at chain's lawsuit; Chipotle sees another 10,000 workers
Here is a summary of the most interesting QSR news stories of the week from around the world.
Chipotle is looking to hire another 10,000 U.S. workers in the coming months amidst an economy impacted by the coronavirus pandemic, Reuters has learned. The fast-casual brand has already added about 8,000 of the 10,000 employees it targeted when it launched its last major hiring spree in May. Read more here.
FAT Brands Inc, the owner of the Fatburger restaurant chain, is buying 1950s diner-style chain Johnny Rockets from private equity firm Sun Capital Partners Inc for about US$25 million. As reported by CNN, the deal is expected to close in September. Read more here.
McDonald’s former chief executive officer Steve Easterbrook fired back at his former company for suing to retrieve tens of millions of dollars in compensation, denying company claims he covered up sexual relationships with subordinates. As Bloomberg reported, the fast foot giant’s officials claimed they found new information that showed the former top executive “concealed evidence and lied about his wrongdoing.” Read more here.
The CEO of Chili’s Grill & Bar parent Brinker International said its virtual brand It’s Just Wings can grow into a US$150-million-a-year business in its first year. As reported by Nation’s Restaurant News, the new delivery-only business is posting $3 million in average weekly sales since debuting the last week of June. Read more here.
A Colombian fast food chain is planning to turn its branches into automated restaurants. As reported by the Associated Press, MUY has more than 30 restaurants in Bogota, and four in Mexico City. Read more here.
Photo credit: Johnny Rockets Facebook
